Bitcoin’s future price surge and mainstream adoption may not depend on institutional adoption of the digital currency. The connection between Bitcoin and gold dates back to Bitcoin’s origin, with Satoshi Nakamoto emphasizing the importance of a limited supply of coins. Bitcoin’s market value is often compared to gold, but it still trails behind in terms of market cap. The prices of Bitcoin and gold do not consistently correlate due to Bitcoin’s volatility and uncertainty surrounding its potential and practical applications. Despite this, Bitcoin’s market cap could potentially reach $2.9 trillion, driven by increasing demand for decentralized digital trading and its integration into e-commerce and online markets. This suggests that Bitcoin’s price surge may not solely rely on institutional adoption as a store of value.
